Funeral Plan

Stepping Aboard Funeral Plans Terms

    The following terms and conditions will apply:
  1. This is a Group Scheme and premiums are payable monthly in advance on or before the 10th of each month
  2. The joining fees, monthly premiums and benefits of the scheme are as follows:
    • Plan A: Joining Fee: R200, Monthly Premium R50 - Payout R10,000
    • Plan B: Joining Fee: R250, Monthly Premium R70 - Payout R15,000
    • Plan C: Joining Fee: R300, Monthly Premium R100 - Payout R20,000
  3. Extended Family members can be added to the plan of choice for the following fees per extended family member:
    • Plan A: R20 extra for each extended family member
    • Plan B: R30 extra for each extended family member
    • Plan C: R40 extra for each extended family member
  4. There is a waiting period of 6 months from the date of inception until a member is fully covered.
  5. The insured lives will be limited to those declared on the application form.
  6. Accompanying documents of the insured, that is ID or Passport of Principal Member and Spouse as well as birth certificate(s) of the dependant(s) need to be attached with this application form.
  7. Members who are not legally married but who are living together as a family can still enjoy family benefits provided that all relevant particulars are declared on the application form.
  8. Unmarried children under the age of 25 are covered. Cover is extended up to, but not including age 25 if the child is an unmarried full time student.
  9. The main member and spouse get paid the full amount while dependants and extended family get paid half of the plan amount.
  10. Cover under the scheme will cease in respect of a particular member when premiums are not paid for three consecutive months.
  11. Late payments, that is payments made after the 10th of the month will attract a fine of R20.
  12. Cover under the scheme is provided for on a month-to-month basis. No reserves are built up under the scheme, therefore premiums are payable lifelong and there are no surrender values when cover ceases.
  13. Premiums under the scheme are not guaranteed and can be adjusted by the insurer at any stage.
  14. Membership under the scheme can only commence on the 1st day of a month.
  15. Only the spouse or next of Kin can claim
  16. Only claims submitted within six (6) months of the date of the death will be considered for payment.
  17. No claim will be honoured if premiums are in arrears or short paid.